BCH - Looking to test the 784 area
Updated
Hello,
Noticing a head and shoulders pattern start to form on BCH 15 min. Stoch RSI also just about to enter overbought zone. We've seen what this leads to the last month or so, and it should result in a dip. Bounces getting weaker. If 784 breaks, the upward trend in broken. You may want to wait until we hit 783 to open a short. Potential completion of H&S in 723 area.
I.E. Open short under 784, close short around 723.
Thanks and let me know if I can improve on anything.
Noticing a head and shoulders pattern start to form on BCH 15 min. Stoch RSI also just about to enter overbought zone. We've seen what this leads to the last month or so, and it should result in a dip. Bounces getting weaker. If 784 breaks, the upward trend in broken. You may want to wait until we hit 783 to open a short. Potential completion of H&S in 723 area.
I.E. Open short under 784, close short around 723.
Thanks and let me know if I can improve on anything.
Note
800 is now the target to begin the short.
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